Job openings dropped by 1 million last month—here’s why
“The number of job openings dropped by 1.1 million postings in August compared with the month prior, the second-largest slide in the history of the Job Openings and Labor Turnover report, which began collecting data in 2000. Job openings dropped by 10% to 10.1 million in August from 11.2 million in July. Despite that, opportunities are still historically high, and a rapid clip of quitting and hiring mean it’s still largely a worker’s market — it’s just cooling a bit as the Federal Reserve intended.”